Argentina Announces Preliminary Highway P3 Bidding Guidelines
On Dec. 7, 2017, the Ministry of Finance of the Republic of Argentina published the preliminary terms and conditions and technical specifications for Stage 1 of its first public-private partnership (P3) initiative in the country, which will focus on investments in highways and "safe routes."
According to the Ministry of Finance, the new highway and safe routes program will entail approximately 7,500 kilometers (approximately 4,660 miles) of roadworks to be developed under a P3 model and will require an investment of approximately $17 billion through 2027. Approximately $12.5 billion will be invested during the first four years of the program and approximately $4.2 billion will be invested during the following 11 years. The ambitious program is part of the Macri Administration's continued efforts to increase economic development by addressing a lack of safe access to ports and other major economic infrastructure in the country.
The bid presentation process is scheduled to open on Dec. 26, 2017, and contracts are estimated to be awarded in April 2018.
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